In a Pvt. Ltd . Company with two directors both being owners in the ratio of 50% Each.
Can any Director transfer his share/ part share to any other person outside the company without taking approval of the other director in written.
Can a clause be inserted in the memorandum/article of assocaitarion...that neither of the Directors can transfer his or her share without the approval of the other Director.
What is the succession clause in respect of a pvtltd. company ?
1. without board approval shareholders cant transfer their shares in private company.
2. Even without such clause, Private Company cant do the same.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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